Government Business Intelligence
Use big data to form a digital model of a country's economy for monitoring, forecasting and decision-making.
Book a demo
What opportunities can be created by using data-driven business intelligence?
Today more and more governments start using open data and business intelligence (BI) tools. But is it necessary? The short answer is yes. Studies have shown that by neglecting such solutions, governments miss opportunities to make informed decisions, engage citizens, promote economic growth, and tackle the complex challenges of the modern world.
of organizations’ revenues are impacted by open data, including the governments’ revenues
(European Data Portal)
in annual economic value could be generated globally by using open data
(McKinsey)
.png)
Inefficient decision-making without data-driven insights
traceCORE Government BI allows governments to fund projects that are effective and aligned with actual needs, create policies that address underlying issues, and accurately measure their impact.
.png)
Missed economic opportunities and lack of growth
Using traceCORE Government BI helps governments enable innovation, attract investment, improve market transparency, and make business operations more efficient, benefiting the economy overall.
.png)
Ineffective public service delivery
By implementing traceCORE VAT Return Operator, it’s possible to promptly identify and respond to emerging issues, such as public health crises, economic downturns, or natural disasters.
How does traceCORE help?
Implementing traceCORE Government BI allows governments to achieve substantial savings that stem from reduced operational costs, better risk management, improved market insights, and more informed decision-making.
National price monitoring
Automatic KPI calculation
Analysis of tax policy effectiveness
Open government data portals
Fraud detection and prevention
Industry attractiveness analysis
What is traceCORE Government BI?
- traceCORE Government BI is a digital solution for collecting, managing and analyzing big data on a country’s B2B and B2C transactions.
- Government Business Intelligence allows generating insights for various government strategies and operations.
- It helps gather and use the input data from B2B and B2C E-Invoicing solutions as well as the insights generated via business analytics.
- Government BI can be used to answer questions about what happened in the past, make predictions and forecast results.
How does it work?
- traceCORE Government BI integrates with B2B and B2C E-Invoicing solutions, a tax authority’s database, Fiscal Data Operator and other sources of big data.
- Gathering and cleaning big data using an automatic extract, transform and load (ETL) program.
- Looking for trends or unexpected results in the data by data mining, data discovery and data modeling tools.
- Creating data visualizations, graphs and dashboards to enable users to investigate various data levels.
- Developing actionable insights based on analysis of historical data versus key performance indicators (KPIs).
Key features
Market size and growth
Average annual growth rate of the target market, along with the estimated total market size.
Geospatial analysis
Mapping tools to provide investors with valuable insights into geographic opportunities and challenges.
Financial projections
Average daily / monthly revenue, profit margin, revenue forecasts, projected expenses, and profitability over time.
Addressing complex challenges
The ability to address complex challenges that require data-driven solutions: climate change, inequality, urbanization,
Operational efficiency metrics
Average supply chain performance, inventory turnover rates, and customer satisfaction scores.
Response to global trends
All the necessary tools to help keep up in terms of global competitiveness in innovation, industry, and governance.
A win-win solution for all stakeholders
traceCORE Government BI combines business analytics, data mining, data visualization, data tools, infrastructure, and best practices to help everyone involved make more data-driven decisions.
- Increased revenue by efficiency gains, reduced fraud and error risk, and improved tax collection.
- Real-time monitoring of economic indicators by goods categories, industries and regions.
- Innovative policymaking processes and service delivery.
- Attracting investments and boosting the private sector.
- Improved productivity and performance of the government authorities.
- Increased citizens’ economic awareness and engagement.
- Improved tax compliance as a result of the analytical and control work.
- Tax fraud detection and prediction with the help of AI tools.
- Quick and comprehensive assessment of taxpayers' risk profiles.
- Accurate and detailed reporting in real time by industry, region, inspectorate and taxpayer.
- Smart decision-making on tax policies and reforms.
- Enhanced business growth with improved marketing strategy base on big data analytics.
- Reduced administrative burden by fewer inspections and automating tax payment processes.
- Valuable insights on industry attractiveness for informed investments.
- Enhanced product development and increased customer satisfaction by anticipating customer’s needs.
- Real-time monitoring of KPIs, down to each point of sale and receipt line.
- Streamlined resource management and improved operational efficiency.
Why choose traceCORE?
Active support during implementation
Our team trains and consults government representatives and tax authorities at every step during technology implementation.
.png){kind=small}
Constant product improvements
We constantly work on developing new solutions and improving the existing ones, as well as providing the best technologies on the market.
Close partnership with stakeholders
One of our primary goals during technology development is to ensure that all stakeholders can benefit from using our solutions.
User-friendly and scalable solution
The solutions that we offer are flexible, easily scaled, exported, and tailored to the needs of different tax authorities across the globe.